Shohoz receives $15m fund to expand ride-sharing in Bangladesh

Ride-sharing company Shohoz will use a $15m investment from venture capital firm Golden Gates Ventures to expand its on-demand service in Bangladesh. A report by the Dhaka Tribune says the company is now launching its ‘super-app’ strategy which will add food deliveries to its current offering. Maliha M Quadir, Shohoz founder and managing director, says: “To help Shohoz finance this growth, we have brought on board a great line-up of experienced international and regional investors, who I think will help
September 28, 2018 Read time: 1 min

Ride-sharing company Shohoz will use a $15m investment from venture capital firm Golden Gates Ventures to expand its on-demand service in Bangladesh.

A report by the %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external Dhaka Tribune Dhaka Tribune website link false https://www.dhakatribune.com/business/stock/2018/09/26/golden-gate-ventures-invests-15m-in-shohoz false false%> says the company is now launching its ‘super-app’ strategy which will add food deliveries to its current offering.

Maliha M Quadir, Shohoz founder and managing director, says: “To help Shohoz finance this growth, we have brought on board a great line-up of experienced international and regional investors, who I think will help us achieve our feat very soon.”

The company will also be able to work on introducing the ride-sharing service beyond the border if it can meet demands in Bangladesh, Quadir adds.

Urban Traffic Control

Related Content

  • Flir Certified System Engineer training
    April 20, 2016
    Flir’s new Certified System Engineer two-day course provides certified training on automatic incident detection and data collection solutions using Flir intelligent transportation systems visual and thermal detection systems. The interactive and hands-on training takes place in Ghent, Belgium on 14 and 15 June; topics covered include: The architecture and principles of thermal and visual detection; Camera selection and position; Safety and security in tunnels, on highways and bridges; Traffic data collec
    Read More
  • Rotterdam chooses Connexxion to operate Parkshuttle
    March 19, 2018
    The Metropolitan region of Rotterdam The Hague (MRDH) has selected Connexxion to operate the Parkshuttle in Capelle aan den IJssel from 2018 to 2033. The project, announced ahead of Intertraffic, highlights MRDH’s ambition to increase regional mobility and support Roadmap Nexteconomy by becoming a research and application area for autonomous transit for the last mile. 2getthere will manufacture six Group Rapid Transit vehicles to replace the current system from Kralingse Zoom in Rotterdam and Rivium
    Read More
  • Uber ‘running at a loss’
    August 7, 2015
    Leaked financial reports appear to indicate that car-share firm Uber is operating at a loss. According to internal financial documents obtained by the Gawker website (link http://gawker.com/here-are-the-internal-documents-that-prove-uber-is-a-mo-1704234157), Uber has lost tens of millions of dollars since 2012, and the documents suggest that CEO Travis Kalanick’s boasts about the company’s exponential revenue growth may be overblown. Gawker published images of the leaked documents online; an unaudited re
    Read More
  • VW to install EV charging network at UK Tesco stores
    December 4, 2018
    Volkswagen (VW) says it will install more than 2,400 free electric vehicle (EV) chargers at 600 Tesco stores in the UK by 2020. The chargers, provided by public charging network operator Pod Point, will allow customers to use a 7kW charger and pay for a 50kW rapid charge at a cost which the company says is in line with ‘the market rate’. The chargers will be implemented at Tesco Superstores and Extra stores. Jason Tarry, Tesco CEO, says the deployment is part of a wider commitment to address environmen
    Read More

Highlighted Content